Added to YB: 2026-09-17
Pitch date: 2026-09-15
PPIH [bullish]
Perma-Pipe International Holdings, Inc.
Author Info
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Company Info
Perma-Pipe International Holdings, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the United Arab Emirates, Saudi Arabia, and internationally.
Market Cap
$244.5M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.37
P/E
15.75
EV/Sales
1.25
Sector
Machinery
Category
growth
Weekly Update #32: Data Center and Defense Strength at $PPIH
PPIH (earnings): Perma-Pipe’s Q2 sales rose to $59.6M from $47.9M and non-GAAP EPS to $0.58 from $0.10, beating expectations despite Middle East conflict. Management expects 40-50% of its $142.3M backlog to convert next quarter, implying $56.9M-$71.2M of revenue. At ~13x run-rate earnings, valuation is undemanding, though logistics disruptions and Ohio and Qatar ramp-up costs are pressuring margins.
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